PHX Energy Services Corp. (TSE:PHX) Senior Officer John Michael Hooks Sells 138,800 Shares

PHX Energy Services Corp. (TSE:PHX - Get Free Report) Senior Officer John Michael Hooks sold 138,800 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of C$8.07, for a total transaction of C$1,120,310.32.

John Michael Hooks also recently made the following trade(s):

• On Thursday, June 5th, John Michael Hooks sold 80,500 shares of PHX Energy Services stock. The shares were sold at an average price of C$8.00, for a total transaction of C$644,193.20.
• On Friday, May 16th, John Michael Hooks sold 2,800 shares of PHX Energy Services stock. The shares were sold at an average price of C$8.25, for a total transaction of C$23,103.08.
• On Wednesday, May 14th, John Michael Hooks sold 269,900 shares of PHX Energy Services stock. The shares were sold at an average price of C$8.02, for a total value of C$2,164,598.00.

PHX Energy Services Trading Down 0.4%

Shares of PHX stock traded down C$0.03 during trading hours on Thursday, hitting C$7.99. The company had a trading volume of 72,307 shares, compared to its average volume of 75,088. The company's fifty day moving average is C$7.90 and its 200 day moving average is C$8.78. The company has a debt-to-equity ratio of 25.99, a current ratio of 1.67 and a quick ratio of 1.25. PHX Energy Services Corp. has a fifty-two week low of C$6.64 and a fifty-two week high of C$10.70. The stock has a market capitalization of C$364.42 million, a PE ratio of 5.02 and a beta of 2.32.

PHX Energy Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 10.01%. PHX Energy Services's dividend payout ratio is presently 50.27%.

Wall Street Analyst Weigh In

Separately, ATB Capital reduced their price target on PHX Energy Services from C$12.00 to C$11.50 and set an "outperform" rating for the company in a research report on Monday, May 5th.

PHX Energy Services Company Profile

PHX Energy Services Corp is a Canadian service provider company. It is principally engaged in providing horizontal and directional drilling services, as well as web-based remote electronic drilling recorder technology and services, to oil and natural gas exploration and development companies in Canada, United States, Albania, and Russia.